Current Event Impacts on Businesses

On this episode of Paychex THRIVE, Chief Economist of the Economic Innovation Group, Dr. Adam Ozimek, is talking about the impact of key current events on businesses. Hear what he had to say about what immigration policy, non-compete clauses, and a tough labor market could mean for businesses.

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Topics Include:

00:00 – Welcome, Adam Ozimek
00:39 – The Economic Innovation Group
02:19 – The complexities business owners face
03:30 – High-skilled immigration policy
05:52 – Immigration and exporting educational services
08:13 – Highly-skilled workers impact on international relations
09:27 – High-skill immigration legislation
11:26 – The topic of low-skilled immigrants
13:05 – Policy challenges of low-skilled immigration
14:54 – Non-compete clauses in employment contracts
18:21 – Why the backlash to possible ban on non-competes
20:13 – How value of non-compete clauses to employers
21:31 – Why do we have so many unfilled jobs?
23:24 – The sign of an unhealthy economy
25:00 – The pandemic’s impact on the labor market
27:14 – Wrap up